Sotheby’s Hong Kong spring auctions are expected to bring in 2.7 billion Hong Kong dollars (US$340 million) April 1-8. More than 3,600 lots will be on offer, but the two big draws are the sales of the Meiyintang Collection of around 80 pieces of Chinese porcelain and the Ullens Collection of 106 contemporary Chinese paintings. Here are the top-fetching lots of the week.

After a record year of art sales in Hong Kong, what’s next? Anthony Lin, an independent art consultant and former managing director of Christie’s Hong Kong, shares his picks for collectibles that will be highly coveted next year.

Hong Kong saw record auction sales in 2010. In the fall, Sotheby’s achieved its highest ever sales total in the city: $396 million, including a record-breaking wine auction. Christie’s sold the most expensive jewel at auction in Asia: a $23.2 million pink diamond. Here are the two auction house’s top sales of the year in Hong Kong.

The Broadway composer is selling part of his wine collection at Sotheby’s Jan. 22 in an auction that is expected to bring in 21.8 million to 32 million Hong Kong dollars (US$2.8 million to US$4.1 million).